I agree.
But I am still curious to see someplace try this and see the repercussions from this. It’s bound to be a train wreck in ways that we can’t even imagine right now.
For example, the aftermath of the Kelo decision for that particular property is a very good object lesson ... should be brought up more often.
For that reason alone I hope San Bernadino Co. or someother lame-brained entity should go for this.
What this article suggests as solution to the federal government forcing banks to make bad loans under fiscal penalty from the federal government is to have local government Rip the banks off, while the Federal Gov holds a gun to their head.
All this is done of course in the name of the little guy who was duped into taking the loan he couldn’t pay for.
It’s a load of socialist clap trap.